Monday, 2 October 2017
I am getting less patient with my job and more impatient to retire. Medicare Part A began yesterday for me. I pretty much know what I am going to take home for my Social Security if I were to start it next year. I am thinking . . . do I quit at the end of next year and take my pension as well, or do take my Social Security and continue to work. Questions to be answered next year. I still need to schedule an appointment to discuss my pension, what to expect, and the health benefit options available, or should I go on my husband’s insurance?
The big issue is really just an unknown: what will my income be if I were to retire at the end of 2018 from pension and Social Security? How much debt will we have paid off?
If I were to collect my Social Security and continue to work until June 2019, as originally planned, that could really bring our debt down to where I want it. I am not really where I would like to see us – in part us, in part because of life, in part because of the payroll fiasco last June.
On January of this year, I created a spread sheet to track our progress. I didn’t do a good job of tracking things in June and July, but when I look at our net worth, it has increased by $106,239.00 from January to the end of September. This is from home equity, 401K, pension equity, and IRAs.
I am still unsure as to what I should do. I know what I would like to do – just quit my job! – but that is not a viable option today or tomorrow (but soon!). I need to collect numbers and then ponder . . . taking time for these decisions is a good thing, and knowing in advance allows me to consider many possibilities before taking the plunge.